Feeling Financially Disorganized? Take Back Control, Starting with Your Cash Flow

When I begin to work with financial planning clients, one of the first things I do is take a look at their cash flow. Cash flow is made up of money coming into your accounts (in other words, your income) each month and money going out (which is made up of your expenses).

If you have more money coming in than goes out the door, you have a positive cash flow. But if more money leaves than comes in, you'll find yourself in the red.

Even if you don't overspend each month, your cash flow might not be optimal or even healthy. You don't have to spend more than you earn to end up feeling like your finances are disorganized, out of your control, and overwhelming.

Sound familiar? The good news is that by developing a sound system for better managing the monthly flow of money in and out of your accounts, you can take back control,